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Search Results 0 to 49 of about 231 (some duplicates have been removed)
a key issue the presidential campaign as the economy continues to falter. >> this country doesn't succeed when only the rich get richer. we succeed when the middle class gets bigger. >> rose: joseph stiglitz is a nobel prize winning economist. in his new book the price of inequality, how today's divided society endangers our future. he argues that a wealthy minority in this country has fed a vicious circle of growing inequality. i'm pleased to have joe stiglitz back at this table. welcome. >> nice to be here. >> rose: where do you think the american economy is today? and is it trending upwards? >> it's not really trending upward. i guess i would describe it as part of-- i call it a long slump, long malaise unless we do something. >> rose: right. >> you know there are two big gaps in our economy, relative to say 2007 before the crisis. one is real estate. real estate was the big sector, the bubble broke and now real-estate investment is half of what it was. no way that that is going to recover soon. the only good news is the houses were shodly onstructed and it may be 5 or 10 yea
the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate? >> the same administration not telling the truth about benghazi and libya and the death of four americans. there are very important questions that need to be asked of the obama administration. when you look at the
is progressing and away the mature economic and economy as we have it pretty sound situation. well, if you compare what is happening in the u.s. in terms of the design of the framework of my economic policy, this is a totally different vision. in the u.s. you have the degree of flexibility. it's ready to intervene and to apply a very flex ability monetary policy, wearing europe the process is very cumbersome. it is a process in which the decision-making is extremely complex and we lack a proper lender for sovereign ends. this is the root of the problem today, that we have to apply fiscal policy, but we don't have a sufficiently policy. i would like certainly a lender of last resort. there is a situation for and stability in the sovereign that markets an example for that, in this chart you see the spread of the government that equally compare with germany and the spread is nearly 650 basis point. as you can all understand, it is impossible to work within a monetary union with such discrepancies between the core countries to finance themselves in european countries in this case, we have to p
in infrastructure, if we level the playing field, we will grow the economy. frankly, we have a ball and chain. it is congress. congress is holding us back. we need to change congress in two ways. we people who are more fiscally responsible. when the people who know the basics of how to work together. you will hear these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighti
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the great depression. the modest and sometimes weak growth we have had has made it very difficult for the unemployed. we have long-term unemployed, those are of work for six months or even a year, that has been a record -- at record levels. ben bernanke has long term crashes -- the prices of long- term unemployment. -- the crisis of long-term unemployment. host: let's begin with a call fr
of legislation, sitting in congress. and it is much ado about nothing, this election is about the economy, the president has not performed. he is chasing every rabbit down the trail to make this thing about his own record, and the miserable condition of the economy. and that is what we'll talk about. >> but isn't the problem? it comes down to trust, and therefore, we have to trust him, generally. and even his position on abortion in the last 12 months has flip-flopped on abortion. >> it has not, piers. >> it has. >> it has not, piers -- >> let me put the allegations to you, and you can respond. the allegation is that he was saying before i want to repeal roe versus wade, and i want to power to go to the state. and he says now he has no plans regarding abortion. so which is it? >> listen, he is referring to whether or not there is some piles of legislation in congress that he is pursuing in his presidency. he is committed to, and has said it still yet today the fact that we will not be funding abortion with taxpayer's money, whether it be in his own budget or whether it be in foreign aid.
zakaria. welcome from all over. i'm fareed zakaria. the state economy. i was the topic of this week's presidential debate and be d deciding week of the election. we're often told we need to get businesses to start investsing and hiring. well, we have three powerhouse ceos on the show. lloyd blankfein, and john of cisco systems. next, 11 years after 9/11, do we have to worry about al qaeda again? i'll talk to the former cia chief michael hayden about the aftermath of the benghazi attack. >>> and on his decade in hiding after a threat was placed on his life. >>> also, if china's growth slows, should the rest of us cheer? no. >>> first, here's my take. the pundit dees claired mitt romney the winner. he was. obama seemed passive, detached, and glum. but what's more significant than how romney said things is what he said. romney repeatedly insisted he was not advocating a big tax kuchlt in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a
and the greatest peacetime expansion of our economy in the nation's history. by contrast, the decade checked by bush tax rates squandered our budget surpluses, produced net- jobs and culminated in the great recession. the lesson here is that the contrary -- is that contrary to supply-side economics, the level of the top rate does not by itself dictate what happens to gdp. a balanced budget aided by increased revenues just might restore confidence to investors and jump-start our economy. for the third and final element of this tax reform model, we turn to investment income. it is time to reduce the sizable differential and the tax treatment of earned and unearned income. the reduction in the capital gains rate to 15% under president bush was a major contributor to the growth and wealth disparities we see today. the top 1% on average received 20% of incoming capital gains, 10 times as much as the rest of the country. capital gains makes up 60% of the income recorded by the forbes 400. the extremely low 50% rate in effect today is an allied air. it is the lowest rate on investment income since
libya, iraq, afghanistan, the economy, taxes, and on and on. and on. now here is reaction from some fox all-stars. plus, the president, even opineed about the veep's performance. >> if you heard it on radio, biden won. if you watch it on television, he lost. >> i think he had a strong debate. but was diminished, was diminished by the smirking. he overdid it. >> it was unattractive, rude and i have a feeling it will come across to a lot of people as rude. looked like a cranky old man to some extent debating a polite young man. >> i don't believe i have ever seen a debate in which one participant was an openly disrespectful of the other, as biden was to paul ryan tonight. >> it's pretty amazing how often he was interrupting and heckling and laughing and smiling and grimacing and grinning. it's like they put joker juice in the water that he had there on the stage. >> he was so rude. he was so toothy. he was so -- >> tooth -- >> -- overdramatic. rolling his eyes. but on the other hand, it's joe biden. >> i thought joe biden did great and i couldn't be prouder of him. >> andrea: surprise, s
that the economy is a top issue, you run into a risk of focusing on too many items as opposed to jobs and economic issues. host: there will also be a foreign policy debate coming up on october 22. is this a sort of preview of that debate? will this be a preview for the obama camp to see what they will be talking about, coming up? caller: it will be a chance for governor romney to do a preview, yes. the thing that i think occurred many times before, romney camp -- came out and named a lot of these things fairly forcefully. from what we saw yesterday, this will be an even stronger reputation of his view on those issues. getting out on the campaign trail at these paul ryan events, particularly when it comes to the issue of things like foreign aid and how this country deals with the resources when it comes to other places, we do not exactly see that relationship being reciprocal. it is something that has gotten a surprising amount of attention on the trail over the last few weeks. it could be an area where the mitt romney campaign is looking forward as they decided to hold this speech. host: one piece
's policies would hurt farmers. the governor talks about his five-point plan to fix the economy, something he says will help everyone from farmers to small businesses. >> i'll make sure our tax policies and our regulatory policies and healthcare, all these things come together to make it easier for small business to grow and thrive. america needs this new direction. we can't go on the path we've been on. we must restore america's strength and i will do it with your help. >> the obama campaign leveling a new attack at governor romney today over his plans to cut spending, specifically cut funding for pbs that would affect big bird. they have a new ad about it on today. >> bernie madoff, gut tons of greed and the evil genius to towered over him. one man has the guts to speak his name. >> big bird, big bird, big bird. >> it's me big bird. >> big yellow, a men as to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> reporter: the republican national committee coming out with its own response, this graphic advertisement that quotes the count from ses
get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-president joe biden at tonight's debate. this is from a recent campaign stop in florida. [video clip] >> there is no quit in america, folks. ladies and gentlemen, that's why i know i'm not the only one who was offended to hear governor romney write off nearly half the country is in his statement about 47% of the people being dependent. if you read the book congressman ryan has written with two other leading young members of the republican party, they talk about -- the title of the book is "young guns," and they talk about this culture of dependency in america without acknowledging that all those people -- o
to "washington journal." as campaign 2012 hits its final month, the presidential candidates are using the economy to frame their vision for the future and what they would do for the american dream. we saw a jobs numbers that showed an unproven unemployment rate. we would like to hear your opinions. has the american dream been downsized? you can also share your opinion on social media. send us a tweet by writing @cspanwj. you can also join the conversation on facebook. or you can e-mail us. the front page of "the washington post"looks out with the call life of a salesman. he always finds to -- he always seems to find optimism in the worst of circumstances. here is another chance. the story profiles this man building and installing pools. how he had to downsize his business, cut employees, and work even harder to find jobs. let's take a look at the content. it says -- what do you think? has the picture of the american dream changed? national journal took a look it how americans are perceiving the economic situation right now, not just on a national level but on the personal lives, too. in a heartla
the government, we will close down the american economy and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligations and our ious, we will trigger a depression worse than the 1930s. anybody here remember the 19 1930s depression? you probably don't. i don't. i was not born, but i've read about it. it was a calamity for the world. tim geithner said to the president what, if we default on this, if we do not solve this problem, we will have an economic catastrophe that will make the 2008 financial crisis a footnote in the history books. anyone remember the 2008 financial crisis? that's coming not from some columnist or journalist, that is coming from well-informed secretary of the treasury. you think about this, there is a value in running scared. if you think about after 9/11, the terrorist attacks, one thing the country did collectively is they set up tsa, the screening at airports. there are all kinds of work, very significant work done to
will surround the economy? let's talk. we have mike holland, david goldman and michael farr. michael, i don't care about third-quarter earnings. that is so yesterday's news. i can't stand it. that is just so yesterday's news. it's boring. it's nothing. maybe the guidance has something to say. but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit, larry. i think there's certainly time to take some off the table. i'm glad we don't have to pay attention to third-quarter earnings. i've been sweating that. but 2% gdp growth after you get to an almost 10% deficit spend of $3 trillion out of deficit stimulus, it's not robust growth. what happens in this election is important. clearly people have to get out and vote. what's going to happen on this groundwork and infrastructure of our economy over the next four years is going to be crucial for future generations. >>. no, it's not about infr
direction. look at where we are. the economy is barely limping along. it is growing at 1.3 percent. >> for a guy who says 47 percent of the american people are unwilling to take responsibility for their lives my friend recent y in a peach says 30 percent are takers, these people are my mom and dad, the people i grew up, and my neighbo, th pay more effective tax than governor romney pays in his federal income tax. >> their ideas are old and their ideas are bad and they eliminate the guarantee of medicare. >> that statistic was completely misleading but more importantly -- >> that's the facts. >> this is what politicians do when they don't have a record to run on. >> rose: joining me now in new york is rich lowry, editor of the "national review", from danville is mark halperin of time magazine, chuck todd of nbc news and from washington al hunt, executive editor of bloomberg news, joining us shortly from washington will be katty kay of the bbc world news america, gwen ifill of pbs and joining us in new york is john dickerson of nbc news and slate magazine, i am glad to have all of th
it the economy tax. it's been crushing. >> question. why did president obama seem thrown off balance? did he underestimate governor romney, pat buchanan? >> he certainly d. governor romney performed better on substance than any candidate in any presidential debate in history. reagan would have beaten him in style in 1980 but on substance i've never seen anybody better prepared than governor romney. he was on of fence. the real question, why did barack obama, the president, do so badly. john, he didn't come prepared for what he found there. he seemed difident, almost disinterested, sour. when they had the two pictures together he was looking down at his notes and the governor was talking to him as if he was lecturing him. some say he's lost his enthusiasm for the battle. he looked like he was weary of the job. i think it may have been something to do with him having been out on the road for a year saying the same thing. he didn't seem to be intellectually stimulated. >> do you think he's overstating that? >> i think mitt romney far exceeded expectations. he turned in a bothow performance. i t
opponent talk about the issues that are before the american peel right now, primarily being the economy. they were not given the opportunity to do that. and the reason they weren't is because of the way joe biden behaved during the debate. i think he's going to cost the obama campaign long-term among undecided voters. >> any obligation here, bill, on the part of the moderator? i hate to pick on the moderator but you are supposed to make sure people can at least hear when they say. >> i don't think she's biased, i think some people say that, but i much prefer the first format because i found disconcerting part what dan said, but partly they were debating with martha raddatz, one person, rather than debating with one another and the american people. if you look at the split screens, they weren't looking at each other. i would rather the issues to be debated be decided less by one newspaper person or one tv reporter than by the candidates themselves. >> it's not a press conference, it's a debate. >> right. much more on this week's vice presidential debate when we come back. plus a look ahe
Search Results 0 to 49 of about 231 (some duplicates have been removed)